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At the height of the foreclosure crisis post-2008, a group of elected officials, communitydevelopment practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. In 2006, the Ohio General Assembly passed this legislation. Ohio’s Traditional Land Bank Law.
On August 5 th , 2022, Community Progress and forty-three supporting organizations across the country submitted a public comment calling for the modernized Community Reinvestment Act to center racial equity and embed land banking strategies. You can read our comment here. Recognize the work of land banks as CRA-eligible.
In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and communitydevelopment mission given to it by Congress. 6 This was totally inconsistent with the original design. 6 This was totally inconsistent with the original design. This works as follows.
Beginning with the founding of the Cuyahoga Land Bank in 2009 , his approach to land banking set a new standard for what these institutions could achieve. I still remember clearly our first work together in Cleveland brainstorming the possibility of legislation dealing with this strange thing called land banks.”
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